Funding you earn now, next payment 03:00 UTC−0.1243%/8h= −136.1% APRpaid last 24h −0.304%
Price spread now: BingX against Kraken Futures−0.054%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.054%, 7d avg −0.083%
=The price spread pays, funding is against you. BingX is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.083%): +$3 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.244% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PUMPUSD | 0.004453 | 0.1343 | pay 0.0168% / 1h | 11m 10s | $1.1M | $3.3M | 50x |
| Short | BingX PUMP-USDT | 0.004451 | 0.0100 | get 0.0050% / 4h | 1h 11m | — | $12.9M | — |
Kraken Futures PF_PUMPUSD
BingX PUMP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$261.1
- Price spread: −0.054% → −0.083%
- $2.85
- Slippage, 4 orders
- −$34.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$313.09
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 7 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 3 min ago | 3.36 bp | 21.1 bp −$21 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 2.23 bp | 7.2 bp −$7 | 10.3 bp −$103 | 46.5 bp −$4,650 | 158.9 bp −$79.4K |
PUMP on 42 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl PUMP | −0.0112% | 43m | 0.004448 | −0.121% | $18K | $230K | 20x | as long as short |
| dYdX PUMP-USD | −0.0008% | 1h | 0.004453 | −0.007% | $20K | $9K | 5x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004452 | −0.032% | $71K | $124K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004451 | −0.046% | $54K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004453 | −0.009% | $2.8M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004400 | −1.199% | $31K | $789K | 20x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004450 | −0.077% | $42K | $10K | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004450 | −0.077% | $700K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004452 | −0.032% | $487K | $783K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004451 | −0.049% | $80.9M | $170.6M | 75x | as long as short |
Perpl PUMP
dYdX PUMP-USD
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Orderly PERP_PUMP_USDC
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004451 | −0.054% | $24.3M | $98.0M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004449 | −0.099% | $37K | $190K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004454 | +0.013% | $60K | $86K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004449 | −0.099% | $4.9M | $11.3M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004454 | +0.013% | $23.7M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004450 | −0.077% | $17.7M | $20.0M | 75x | as long as short |
| BingX PUMP-USDTshort | +0.0100% | 4h | 0.004451 | −0.054% | — | $12.9M | — | |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004451 | −0.050% | $790K | $189K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004461 | +0.160% | $65K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004458 | +0.103% | $1.2M | $10.6M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004462 | +0.193% | $149K | $751K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004454 | +0.013% | $107K | $2.1M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004451 | −0.055% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004452 | −0.032% | $2K | $755K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004451 | −0.054% | $279 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004445 | −0.189% | $21K | $118K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004455 | +0.036% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0101% | 8h | 0.004452 | −0.043% | $42K | $276 | 5x | as long as short |
| Nado PUMP-PERP | +0.0103% | 1h | 0.004452 | −0.020% | $1.7M | $2.0M | 10x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004448 | −0.121% | $71K | $11K | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0191% / S −0.0050% | 1h | 0.004449 | −0.099% | $60K | — | 100x | as long as short |
| Extended PUMP-USD | +0.0264% | 1h | 0.004450 | −0.069% | $3.9M | $4.3M | 50x | as long as short |
| 01 Exchange PUMPUSD | +0.0288% | 1h | 0.004455 | +0.036% | $6K | $727 | 10x | as long as short |
| Phoenix PUMP | +0.0321% | 1h | 0.004468 | +0.328% | $43K | $103K | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004450 | −0.077% | $3.7M | $4.5M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004450 | −0.083% | $2 | — | 3x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0448% | 1h | 0.004454 | +0.013% | $697K | $5.9M | 50x | as long as short |
| Hyperliquid PUMP | +0.0481% | 1h | 0.004455 | +0.036% | $166.6M | $55.9M | 10x | as long as short |
| RISEx PUMP/USDC | +0.0544% | 1h | 0.004455 | +0.025% | $530K | $998K | 10x | as long as short |
| Aftermath Perps PUMPUSD | +0.0879% | 1h | 0.004464 | +0.248% | $590 | $117K | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0880% | 1h | 0.004455 | +0.036% | $39K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSDlong | +0.1343% | 1h | 0.004453 | long leg | $1.1M | $3.3M | 50x |
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Nado PUMP-PERP
Aevo PUMP-PERP
GMX PUMP/USD [WBTC.b-USDC]
Extended PUMP-USD
01 Exchange PUMPUSD
Phoenix PUMP
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Coinbase International PUMP-PERP-INTX
Hyperliquid PUMP
RISEx PUMP/USDC
Aftermath Perps PUMPUSD
Injective PUMP/USDC PERP